Depositing: Since the FLB does not accept fiat currency for deposit, you must first convert funds from your national currency to .999 fine silver. Simply sign up for an account and you will have access to instructions on how to fund your new account. Deposits will only be accepted in .999 fine silver. If you have some other currency and need to convert first to .999 fine silver, please contact any AOCS Approved Dealer or other bullion dealer for conversion services or you may convert and deposit directly through our preferred partner www.LakotaMint.com.
Withdrawing: Any and all withdraws from the Free Lakota Bank will be issued in AOCS Approved Silver medallions. The currency can be shipped direct from the bank or may be issued by an AOCS Trade Coordinator or Authorized Dealer.
All bank transactions are conducted and recorded in .999 fine silver, rounded to the tenth of an ounce. Please remember that the value of your deposits will remain constant, in terms of ounces of silver. However, the value of your deposit when considered in other national currencies will fluctuate. It is your responsibility to manage converting to silver before depositing and from silver after withdrawing.
Withdraw to Cash
As recently announced, you can now withdraw funds from your Demand Deposit Account with the Free Lakota Bank into your favorite existing checking account at an outside bank. This is done by selling your silver directly to an authorized dealer of Lakota currency. Stayed tuned for new information regarding this process.
For immediate service in the areas of conversion into or out of Lakota currency, please contact us.